Hyatt Hotels Corporation $H Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 70.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the company’s stock after selling 17,500 shares during the quarter. Paloma Partners Management Co’s holdings in Hyatt Hotels were worth $919,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the 1st quarter valued at about $31,000. UMB Bank n.a. lifted its holdings in Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company’s stock valued at $61,000 after acquiring an additional 290 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Hyatt Hotels by 13.2% in the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company’s stock valued at $234,000 after acquiring an additional 223 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Hyatt Hotels by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the transaction, the director owned 37,825 shares in the company, valued at approximately $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider directly owned 117,077,441 shares of the company’s stock, valued at $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 6,491 shares of company stock worth $870,211. Corporate insiders own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

H has been the subject of a number of research analyst reports. Truist Financial cut their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Robert W. Baird upped their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Finally, Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Hyatt Hotels Price Performance

Shares of H opened at $144.12 on Monday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.26 and a beta of 1.43. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average is $143.13 and its 200-day moving average is $132.18.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter in the prior year, the company earned $1.53 EPS. Equities research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is currently 14.25%.

Hyatt Hotels Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.